The Brazilian Pension Funds Authority (PREVIC) presented its strategic guidelines and priorities for Brazil’s closed pension fund sector at Abrapp’s Centro-Norte and Nordeste regional meeting in Brasília on 9 April, alongside an overview of recent rule changes centred on PREVIC Resolution 26/2025. The authority framed the resolution as a regulatory update that modernises governance practices, strengthens communication channels with members, and sets more efficient parameters for investment activities. PREVIC outlined four priority pillars: expanding coverage, including through tools such as automatic enrolment and the work of the Commission of Fomento on medium- and long-term target planning; advancing a regulatory agenda that embeds ESG guidelines in investment portfolios and reviews rules deemed outdated, including CNPC Resolution 30/2018; strengthening strategic communications aimed at participants and beneficiaries; and reinforcing PREVIC through additional staffing via a public recruitment exam, technology investments to enhance transparency and security, and improvements to supervision methodology. Under Resolution 26/2025, pension foundations are expected to incorporate ESG considerations into their investment policies using a dual materiality approach, assessing both how ESG risks affect asset performance and how investment decisions affect the environment and society; the measure updates PREVIC Resolution 23/2023 and follows National Monetary Council Resolution 5202/2025. PREVIC positioned the Brasília briefing as part of its participation in Abrapp’s three regional events, following sessions in Rio de Janeiro on 18 March and São Paulo on 5 March.

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